CLARITY Act · Galaxy Digital · US Senate · SEC · CryptoSlate
CLARITY Act chances of passage this year falls to 60%, Galaxy Digital confirms
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The CLARITY Act, the crypto industry’s biggest bill in Congress, is losing momentum weeks after clearing a key Senate committee, raising the risk that Washington’s first major digital asset rulebook slips deeper into an election year.
Key facts
- Galaxy Digital lowered its estimate that the CLARITY Act will become law in 2026 to 60% from 75%, citing a shrinking Senate calendar and little visible progress on unresolved fights over ethics
- The chamber also failed to advance reauthorization of Section 702 of the Foreign Intelligence Surveillance Act in a 47-52 procedural vote, setting up another scramble before the surveillance
- Supporters say it would clarify when cryptocurrencies fall under the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC), replacing years of enforcement-driven
- Ruben Gallego have pushed for ethics provisions tied to conflicts of interest
Summary
01 Galaxy Digital cut the CLARITY Act’s 2026 passage odds to 60% as the Senate calendar tightens. 02 The bill would set the first federal crypto framework, clarifying SEC and CFTC roles for issuers, exchanges, and investors. 03 Its path still depends on resolving ethics, illicit finance, and stablecoin yield fights before the August recess or it slips to September. Galaxy Digital lowered its estimate that the CLARITY Act will become law in 2026 to 60% from 75%, citing a shrinking Senate calendar and little visible progress on unresolved fights over ethics and illicit finance.